Is it too late to buy Bitcoin?

OOOh, that’s a question. And one I’m asked more and more these days. I always answer it WITH a question (not that if affects my ultimate answer), and always the same one:

“What is it you want to buy it for?”

The answers vary and are sometimes quite vague, because the people who ask this are usually those who are still sitting outside of the cryptocurrency sphere that many of us have now got so used to. They’re basically intrigued, interested and want to get involved in some way. I remember being there myself only a few short years ago and a simple answer would have been great, but the trouble is, I couldn’t find one. There seemed to be as many doomsayers as there were evangelists and none of it made sense. I’m not entirely sure it that’s different today from an outsider’s point of view. Continue reading “Is it too late to buy Bitcoin?”

Well hello, Wirex.

I’ve been an investor, miner and advocate for all forms of cryptocurrency for some time now, but only a small percentage of my transactions have been around actual use, as opposed to investment or transfers. It occurred to me that if I am to fulfill my self-proclaimed role of cryptocurrency evangelist, I’ve got to up my game in terms of spend and adoption.

Those of you who follow my blog already know that I have taken Bitcoin directly as a retailer using Bitpay, but I always found it cumbersome and clunky at point of sale. Now, as a consumer, finding places that take it directly Continue reading “Well hello, Wirex.”

Crypto 2018 = Mobile Phones 1991

I, like many others, often liken the nascent cryptocurrency market to the early days of the internet and I do, sincerely, believe that it is both fair and real comparison, although I ultimately believe that the impact on human lives across the globe will be far greater this time round.

However, I had forgotten about another equally valid comparison until I was reminded of it whilst dealing with Gumtree on an issue to do with accepting cryptocurrencies for an ad I’d placed. In short, my ads had been taken down because I wanted to accept payment in Bitcoin or Litecoin rather than cash, Continue reading “Crypto 2018 = Mobile Phones 1991”

I am the Gumtree Cryptocurrency Felon – Part II

This is a follow up story – you might want to read the original article first here

So, just I felt that my calls to Gumtree to see reason over allowing ad posters like myself to accept cryptocurrency were falling on deaf ears, I received a response from yet another customer ‘assistant’ seeking to clarify Gumtree’s position, with the usual poor grammar and rather dodgy sentence construction:

Continue reading “I am the Gumtree Cryptocurrency Felon – Part II”

Why I’m betting on Litecoin

Ever since I started investing in the crypto space, I’ve always had a bit of a soft spot for Litecoin. It started as a sort of hunch, much like you might get for a favourite number in roulette or a horse name that strikes you when searching for a Grand National bet, but once I started looking it in great detail, I found it was one I really liked. Alot.

You see, Bitcoin is great, but even early on it was pretty obvious to me that it was no good for small, everyday purchases – and let’s not forget I was actually speaking from proper, first hand experience. Before selling the last of three internet cafes and games zones that I owned, I had offered Bitcoin as a means of payment. It was only ever used a handful of times via Bitpay, but it was expensive and awkward to use and, to be honest, the people who used it were doing so because it was a new and exciting thing, not because it was more convenient. In the boom of December 2017, Continue reading “Why I’m betting on Litecoin”